jeffnuttalx: Automotive diode maker Actron posts record high revenues in January

Automotive diode maker Actron posts record high revenues in January

Patty Wang, Taipei; Steve Shen, DIGITIMES?[Wednesday 6 February 2013]

Automotive diode maker Actron Technology has reported revenues of NT$281 million (US$9.5 million) for January 2013, increasing 18.8% on month and 13.4% on year. The figures were the company's highest monthly record.

A rebound in demand from the automotive market in China contributed to sales growth in January, explained company President Ho Pai-nen.

Buoyed by strong sales in January, Actron is expected to see its revenues edge up 2-3% in the first quarter of 2013, reversing from a 3-4% decline projected previously, according to industry watchers.

With order visibility now extending to June 2013, Actron is expected to see its revenues hit a new high in the second quarter of the year, said the industry watchers.

Actron's EPS for 2012 is expected to top NT$4.40-4.50 thanks to an improvement in gross margin, especially in the fourth quarter of 2012 during which the gross margin was up 2pp as compared to the previous quarter, revealed the sources.

Actron president Ho Pai-nen